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. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing. they did. not because your services aren't getting worse. they are. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our coun
to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
it to a poll tax, they said this was a poll tax and would be voter suppression in texas and would not be happening there. like they are utilizing in other states. >> okay. so -- in the state of rhode island which i think -- my home state which is pretty controlled by the democratic party, they didn't see too much outrage there when they did it. i think when you look at every poll that's ever come out, 70% to 80% of americans support this, so i think that somehow equate showing a photo i.d. which in most states is given -- free if there is an issue with the person's economic condition, then somehow requiring people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like tha
and made sure we cut taxes for the middle class. and in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we moved in and help people refinance their homes. governor romney said no, let foreclosures hit the bottom. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently nay speech in washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who in fact are living off of social security. they are veterans and people fighting in afghanistan right now who are-- quote-- not paying any taxes. i've had it up to here with this notion that 47%-- it's about time they take some responsibility here. and instead of sign pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle c
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession and if "new york times" thinks this is going to be a slope, they are dreaming. that money will
/11, and today osama bin laden is dead. four years ago, i promise to cut taxes for middle-class families, and we have, by $3,600. of promised to cut taxes for small business owners, and we have 18 times. we got back every dime we used to rescue the banks, and we passed a law, to the end taxpayer-funded wall street bailouts permanently. we passed health care reform, also known as obamacare, because i do care. i do not want insurance companies, jerking you around anymore. i do not suit him -- do not want somebody without health care because they have a pre-existing condition. we repealed "don't ask, don't tell," as i promised him we would. today, he no outstanding soldier, marine, sailor, here man -- airman, none of them will be kicked out of the military because of who they are and who they love. when you think about ohio, and when governor romney said that we should let the auto industry go bankrupt -- we said, we are not going to take your advice. do not boo. vote. we reinvented a diving auto industry that supplies one in eight ohio jobs and has come roaring back to the top of the world. four y
week's debate, it's actually a plan to cut $5 billion in taxes, but he did it again tonight on cnn just a short time ago. the obama attacks are false, let's see what you think here. >> he ignores the fact that they're going to limit the deduction and -- he ignores that part. obviously that was corrected by the deputy campaign manager who stipulated the $5 trillion number was wrong. it's completely wrong. the combination of limiting deductions as well as growth of our economy will make up for the reduction in rate. >> bob shrum, thank got in the rest of this discussion with wolf blitzer, he clarified the fact he's going to cut $5 trillion in revenue, a lot of it from wealthy people. >>> he's not going to the bank, he's going to let that tax cut stand. you can call it a lie, he's cutting taxes for the rich. he says he's going to offset that, but when asked by wolf blitzer, are you going after where the money is, the mortgage deduction? rule going after charitable, which everybody seems to like? i'm not going to keep those preferences. how can he do it? is he houdini? >> he can't do it. th
providers like insurance companies that are overcharging. he has to attack on the issue of taxes. there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench wa
. >> these people are my mom and dad, the people i grew up with. my neighbors. they pay more effective tax than governor romney pays on his federal income tax. >> reporter: ryan got personal. >> joe and i are from similar towns. he's from pennsylvania, i'm from wisconsin. you know what the unemployment rate in scranton is today? >> i sure do. >> it's 10%. >> yeah. >> you know what it was the day you guys came in? 8.5%. that's how it's going all around america. >> reporter: for a vice presidential debate, the stakes were high tonight. after mitt romney's big win in denver and president obama's no-show performance there, biden needed to stop the bleeding. ryan was going for the jugular, seeking to build the momentum republicans are feeling. >> the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill is coming to you. >> reporter: there was a stark generation gap on that stage tonight. joe biden, born in 1942, is older than the baby boomers. paul ryan, born in 1970, is younger than the baby boomers. and rya
of abortion? do we deliver tax cuts? it's important that the president do this for the basic reason that people in this country know what they are voting for and if they decide against. and that's "hardball" for now. "politicsnation" with al sharpton starts right now. >> thanks, chris, and thanks to you for tuning in. tonight's lead, no hiding from biden. for months mitt romney and paul ryan have been running from their records, hiding their extreme far right agenda behind platitudes and big promises, trying to pin them down on specifics was like trying to nail jello to the wall. but that all stopped last night. we'll talk about all of it in the show tonight, how vice president biden took the fight to paul ryan on issue after issue. on taxes, on medicare, on abortion, on their plan to privatize social security and to gut medicare. joe biden simply dismantled the romney/ryan world view. but also talk about how the right wingers are trying to make a big deal out of joe biden's smile. so what? i would have been outright laughing in paul ryan's face. joe biden was fed up and who could b
a tax break to send their kids to college. that's why they arrived. >> is he wrong about that? >> he is wrong about that. you can cut tax rates by 20% and still preserve important references for middle-class taxpayers. >> it isn't mathematically possible. >> it isn't. it's been done before. >> it has never been done before. >> it's been done a couple times. >> now you're jack kennedy. >> ronald reagan -- >> okay. good morning. >> i missed that one. >> good morning. welcome to "morning joe." it's friday, october 12th. with us on set, we have the former governor of vermont and former chairman of the democratic national committee, howard dean. and contributor to "newsweek" and the daily beast and former adviser to george w. bush, mark mckinnon. >> wait. no, hold on. what is that, willie? >> it's fair to call it the mexican scarf. >> willie and i both were thinking about wearing that yesterday, but we were afraid we'd come to the set wearing the same thing. >> yes. maybe mark feels the need to distract this morning. >> distracting. let's see what al hunt is wearing this morning. >> washi
-- raise everybody's taxes. he took it -- he looked right into the land and says i'm going to raise your taxes. he has had a lot of experience in that and he is going to go ahead and do it. but remember the statement from london johnson when he was looking around at why his party people weren't supporting him. -- lyndon johnson. he said they paid their tails white and ran with the envelopes. there are a lot of democratic tales running with the antelopes. not one single democrat has introduced the mondale tax bill into the congress. of course i support the president's economic program and i support him and everything else. i'm not sure because of my concept of the vice presidency that if i didn't i would go doing what mr. mondale has done with jimmy carter -- jump away from it. i could not do that to ronald reagan now, next year, or any other time. i have too much trust in him, too much friendship for him, and i would feel very uncomfortable doing it. >> some republicans have criticized mr. mondale for saying he disagreed privately with jimmy carter's decision to impose a grain embargo. h
-mail address. d e- [ male announcer ]  who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. . >>> the head of lockheed martin is under fire after he's accused of knocking down a number of threes -- trees on his property. last month, montgomery county fined robert stevens $500. the property sits on protected land at the national park service overseas. he said he cut down some of the trees because they were in danger of falling after the storm in june. he's promising to restore the land. >>> and that is not the place you so a car, but someone posted the video. the driver initially parked in the circle, which he shouldn't have done and decides to drive around it befo
today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- of the 47%, 82% to pay federal taxes, the remaining 10% are seniors on social security who don't have to
supports actually does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? infringement on our lives.s s le chaigingsuch an...here too.. the how dare they step into my life that way. it's none of their business. he's trying to restrict us, again. he's taking us backwards. george allen is the last thing we need in washington. anncr: the democratic senatorial campaign committee is... responsible for the content of this advertising. . >>> hitting the grocery store on the way home from work took on a new meaning. billboards will allow you to start shopping on the spot. laura evans is here to explain why you -- where you will find them and how it works. you have my attention. >> reporter: they're cool, shawn. should have your attention on this. one of the biggest internet stores in the country is behind the billboards and
borrowing, higher taxes, a government takeover of health care. it's not working. it's failed to create the jobs we need. 23 million americans are struggling for work today. 15% of americans are in poverty. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we're offering real reforms for a real recovery for every american. mitt romney, his experience, his ideas, his solutions is uniquely qualified to get this job done. at a time when we have a jobs crisis in america, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. t
. they are suffering. the president would prefer to raise taxes. the problem with raising taxes, it slows down the rate of growth. i'm not going to raise the taxes on anyone because when the economy is going slow, we are in recession, you shouldn't raise taxes on anyone. my idea is to bring down tacks to get more people working. my priority is putting people back to work in america. >> kim, is that an improvement over the other romney adds we've seen earlier? >> you beach cha. this is how it ties in taxes and jobs and the economy. that was the message that resonated when he was up there on stage with the president and the more he can spread it around the country, the better he does. >> that seems to me to be the winning strategy. particularly if you can put more explanations around the specific policies this will increase jobs. when we come back, the presidential race is tightening in all-important ohio. but that's not the only big's on the ballot. a look at the expensive and increasingly nasty senate show down there next. >> turning now to the bags for control of the unite the states senate. this week
according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisann study for yourself at americocan.co. ba and his liberal allies?s? we can't afford four more years. i'm mitt romney and i approve this message. >> live and in hd, this is abc 7 "news at noon," on your side. this is breaking news. with breaking news pennsylvania. >> former penn state assistant been jerry sandusky has on 45 counts of sexual abuse. we will talk with brad bell for latest. >> the sentencing in this courthouse, the judge said that put matt sandusky centuries but he said the sentence would be 30 years 0 years. that means he will spend the rest of his life in prison because he is already 68 years old. statements from three victims they could notd what jerryforget them.ky did to they all said that he stole childhood. in the hearing today it was who got up in his red jail house jumpsuit and
his own tax plan, making them stick to what they've been the last six or seven months. >> this is where i think paul ryan will have pressure on him and where i expect paul ryan to perform very well. i mean, i found obama's debate performance totally lacking in specifics. we still don't know what his tax plan is or his deficit plan or his budget plan. but paul ryan has become the personification for the democrats of all that is callous and cold and evil about the romney campaign. so ryan now has i think an opportunity to not only explain his plan more importantly romney's plan, but to explain it in a way that is compassionate and human. and i expect he'll do a very good job of that. >> there's a tricky thing that ryan has to do. and i think you suggested it there, carly. there's clearly a distinction between the ryan plan. actually, there have been multiple ryan plans on multiple fronts. >> that's right. >> and the romney plan. so ryan can't get lured into a debate over the specifics. >> i agree with you. >> here's the problem, mitt romney embraced that budget plan. >>
to be a great investment to have our rate of return of 8%. government taxes, about 1/4 of extra income, to get 8% more each year. government taxes of quarter of it at 2% in real terms, that is pretty high relative to the real interest rate that is actually negative. contribution to gdp, saving from doing when it is the efficient captures a substantial -- captures a substantial part of the cost of necessary public investment. and yes, as the economy starts to grow, as the economy gets out of this phase, it will be necessary to find direct revenue means whether it is taxes or fees on the beneficiary or infrastructure to cover the costs. that need not be the priority right now when the economy is so deficient. let's do it right. we don't know what the economy at is going to be the next ten years, but we do now that we are going to be desperately short on public infrastructure for a decade. let's plan a long-term investment program and financing of that program varies with cyclical conditions as those cyclical conditions evolve. second, let's support employers in hiring workers and employees in taki
it was paid for through gasoline taxes. [applause] thethe st. lawrence seaway connecting the great lakes, opening the great lakes to traffic again had been on the drawing board since the administration of theodore roosevelt and eisenhower -- eisenhower took, assumed the presidency in a time of mccarthyism and incredible communist witchhunt. he did it as he did so many things in the background. it was eisenhower orchestrated the army's response in the army mccarthy hearings. i'm not going to get into a contest but that stunk. and when it was over mccarthy had him vanquished but i think it was the desegregation issue perhaps in which eisenhower most often underestimated. president truman had ordered the army to be desegregated in 1950 but the that the army had not complied. 85% of the army was still segregated when i had to power. ike ordered the military services to desegregate and of course this was a new supreme commander whose words they immediately obeyed. he culminated the segregationists of will service and after brown versus board of education, and he ordered the integration of the
into the numbers with the president of the tax foundation. find out what it is for you and our country here on fox business. 0t[h7 [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> market is down 30 points. we were talking to david kotok at beginning of show how many investors got out of the market. what is mistake it is because stocks are up 9%. >> people looking at true fundamentals true health of the global economy can't really deny that, tracy. melissa: that is the juice market is running. tracy: you guys talked a lot about it. a lot of hedge funds closed up shop on september 30th, called it a day and wrapped it up with a nice little bow. w
over joe biden's smile. here is a little of last night's debate on taxes. [video clip] >> the middle class will pay less and people making a million dollars will begin to attributed -- to contribute slightly more. the continuation of the bush tax cuts, we argued those tax cuts for the wealthy should be allowed to expire. of those, 800 million billion dollars of that goes to people making car minimum of $1 billion. we see no justification in these economic times, they are not asking for this continued tax cut, but my friends are insisting on it. if 120,000 families, by continuing that tax cuts, will get an additional $500 billion in tax relief over the next 10 years and their income is an average of $8 million. we want to expend the middle class tax cut permanently. these guys will not allow us to. in the senate we say let's have a vote on middle-class tax cuts and the upper class tax cut and let's vote on it. >> our entire premise of the tax reform plans is to grow the economy and create jobs. it's a plan estimated to create 7 million jobs. we think that the government taking a 28% o
crushed. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. i'm not going to raise taxes on anyone. my plan is to bring down rates to get more people working. my priority is putting people back to work in america. i'm mitt romney and i approve this message. >>> thousands will walk towards a cure this weekend. the annual susan g. komen three- day, 06-mile walk for breast cancer is taking place. the-- 60-mile walk for breast cancer is taking place. the walk begins at the armory mall and end at the washington monument. monument. >>> we now know what caused death after giant panda cub at the national zoo. zoo officials say a liver problem is the reason the six- year-old cub did not survive. karen gray houston has a closer look. >> reporter: mei xiang was romping in her outdoor playpen, resting and sunning herself as zoo officials gathered to discuss the news. >> the cells in the liver died and the pattern would suggest lack of oxygen. >> reporter: not enough oxygen getting to the liver because the lu
then. jamie: well the vice-presidential candidates are hitting each other very hard on taxes. vice president biden claiming the republicans are insisting on new tax cuts for the wealthy. congressman ryan responding with a warning for the middle class. >> if you taxed every person and successful small business making over $200,000 over 100% it would only run the government for 98 days. if everybody who paid income taxes last year including successful small businesses doubled their income taxes last year we would still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul r
. >> joe biden and paul ryan turn up the heat. trading blows oefrg from foreign policy to jobs and taxes. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. >> romney's a good man. he cares about 100% of americans in this country. >> oecd chief tells cnbc spain's prime minister isn't asking because there's a real fear leaders would possibly say no. >>> and investors hang up on japanese. it may be too costly. >> plus jpmorgan and wells fargo are set to report third quarter results. >>> this is the last trading day of the week here. and we have the i-8 report out that sees pricing easing. they have lowered their growth forecast, though. and it says iran exports hit a new low in september. so there's obviously a bit of a difference between what's going on in the short term forecast and the longer term, as well. so they're looking at annual supply growth of #.5 million barrels a day, average oil demand growth of 1.1 million a day. so over the next five years, sluggish economy will slow oil demand growth and mo
skyrocketed in his time in the senate. on the other side of the balance sheet, the tax side, i do believe we should let the bush tax cuts expire, as planned. >> we do need to balance. there needs to be cuts made in federal spending and we need to grow the economy. there are a variety of things i think off the bat what ought to be cut is and repeal asked replaced -- and replaced is obama care. that will save over $1 trillion. >> the two former virginia governors have been running neck and neck, but tim kaine appears to have taken a lead. >>> new polls out in the presidential race confirming the fight for the white house is tightening. as fox's doug luzader tells us, with four weeks to go before the election, both are coming out swunging on the campaign trail. >> reporter: 47 to 47, the race is locked up right now, at least according to gallup. the landscape is changing quickly. both campaigns are trying to take advantage. mitt romney may have had more spring in his step yesterday as he spoke to the virginia military institute. he went after what has been president obama's strong suit in many
out, yesterday, here come the black helicopters. it is about the united nations imposing taxes on the united states, through a treaty with the obama administration. that's the move that i think is coming up in november and december. i want to alert people to it. >> greta: well, they're now alerted. thank you, dick. coming up, casino developer steve wynn is boiling mad at president obama and it's all caught on tape. he is taking the president to the wood shed. here from him next. and president obama had a horrible debate. but that is not stopping him from giving vice-president joe biden advice for his debate tomorrow night. hear the president's advice to the vice-president, coming up. [ male announcer ] what can you experience in a seat? inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. the highest-ranked vehicle appeal among large premium cars by j.d. power and associates. ♪ >> greta: a w
rich people and small businesses to tax to pay for all their spending. so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill's coming to you. >> michael, what was your take on the debate? >> i went back and read the transcript of the debate after it was over. if you go through point by point, it's amazing how often biden bests ryan on the actual merits of the policies they are talking about. i do think for the actual discussion was so complicated though, i do think a lot of people are going to take away from this debate whatever they came into the debate. it's hard to follow in realtime what they were saying about libya or tax policy. so you end up taking away the body language. whether you like joe biden or don't like joe biden and the polls show the country divided on that and people feel hot one way or the other, you would like his gesticulation. democrats needed to turn the page on the last debate with the president. take real punches at republican talking points and set the stage for
the lower courts and the individual mandate was a permissible use of the taxing power of congress and not the congress clause and thus the law could be passed. and i think there were three -- one is, you have to take it at its face value. the legitimate use of the taxing power. thirdly and most important in the second and third, the second is that john roberts saw health care, as many people saw health care, as the third in a trilogy of cases starting with bush beat gore in 2000, citizens united in 2010, obamacare in 2012 and that, and in those first two cases, you had five republican justices dashing the dream's of democrats in what would seem to many as a very partisan case. as they sat down to vote on health care, it looked like the same thing was going to happen, the five republican nominees were going to trash the democratic dream. roberts recoiled at that idea. roberts has a very keen sense of politics in the larger sense and he knew and cared deeply that the supreme court not be regarded as simply another branch of congress, where democrats and republicans fight. he wanted
seven. taxes, depending on who we're length, their tax policy will affect you for years to come. on thursday, vice president joe biden and congressman paul ryan tried to make the case for the respective ticket's tax plans, take a look. >> our entire premise of these tax reform plans is to grow the economy and create jobs. it's plan estimated to create 7 million jobs. now, we think that government taking 28% of a family and business's income is enough. >> okay. those answers weren't exactly full of detail, so let me see if i can help them out. mitt romney would cut all tax rates by 20% and reduce the top tax rate from 35% to 28%. he'd eliminate taxes on capital gains, repeal the alternative minimum tax and estate tax and cut the top corporate tax rate from 35% to 25%. on the other hand president obama would keep tax rates the same for those making less than $250,000. he'd also raise the top two tax brackets to 36% and 39.6% and he has supported the buffet rule. he'd restore the estate tax but lower the corporate tax rate to 28% from 35%. so the choice is yours, undecided voter. b
. >> reporter: or ryan's attempt to compare the mitt romney tax plan to jack kennedy's. >> jack kennedy lowered tax rates. >> oh, now you're jack kennedy? >> reporter: ryan was able to fire back with a few zingers of his own. >> mr. vice president, i know you're under a lot of duress to make up for lost ground. i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> reporter: republicans in the post debate spin room tried to make the case biden failed not only on style. >> quite frankly i was embarrassed for the vice president. i mean, the laughs. we counted 82 times that joe biden interrupted paul ryan. >> reporter: but also on substance pointing to the vice president's response on whether there was adequate security before the attack on the u.s. consulate in libya. >> and they wanted more security there. >> well, we weren't told they wanted more security. we did not know they wanted more security. >> we just had a major hearing on this. that was one of the heart -- the heart of the point was these requests went unheated. and obviously
has questions on the president from taxes to debt and spending. >> he wants another stimulus? how did the first one work out? he wants to hire more government workers? he wants to pick with winners and losers solyndra, losers in his case. we know where that leads. we have seen the last four years. we don't want four more years like the last four years. >> reporter: the debate at the university on long island is going to include foreign policy. to that end the governor is rolling out the foreign policy ball. he has a big speech on foreign policy at virginia military institute in lexington. >> gregg: tell us how big the first debate is playing out in the campaign ads. >> reporter: both sides are trying to portray the other as the bigger fiber. he has new ad from both campaigns and both are saying the other is untruthful from taxes to anything under the sun. take a look. >> i don't have five trillion dollar tax cut. if you just implemented it would cut five trillion dollars. >> i will not produce the taxes paid by high income americans. >> is that actually true? >> the latest, not tellin
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